Grooms Aluminum

Ashville,
AL
(2020)

Grooms Aluminum

Business Development, Machine Shops and Metal Fabrication, Manufacturing

The project was for the purchase of a large piece of equipment and the construction of real estate needed to house the new equiment.

Investment

NMTC Amount: $2,200,000
Total Project Cost: $2,200,000

IMPACT

6 FTE jobs
1 construction jobs

CDEs

Advantage Capital

Investor

Unknown

Project Description

Grooms Aluminum is a aluminum processing and smelting facility. The project was for the purchase of a large piece of equipment and the construction of real estate needed to house the new equiment.

MAP

Address: 615 Industrial Drive, Ashville, AL 35953

Census Tract: 1115040401

Other Alabama Projects

Westervelt Lumber

Thomasville,
AL
(2019)

Business Development, Manufacturing, Rural, Timber and Agriculture

CDE(s): Dakotas America, National New Markets Fund, Rural Development Partners, Truist

The $191.6 million facility will produce approximately 250 million board feet of pine lumber annually|taking advantage of the company’s nearby timberland and other facilities.

Vulcan Aluminum Mill Vulcan, Inc.

Foley,
AL
(2013)

Business Development, Machine Shops and Metal Fabrication, Manufacturing

CDE(s): Hampton Roads Ventures, MuniStrategies

Financing for the addition of a state-of-the-art, 24,000 square foot building to the existing facility as well as installing a new Annealing Furnace, Water Cooling System and Melting Furnace, which

Sweet Brew Tea

Loxley,
AL
(2018)

Business Development, Food Manufacturing, Manufacturing

CDE(s): United Bank of Alabama

Financing for a new Southern Visions facility located in Bay Minette, Alabama.

Colormasters/Master Extrusion

Albertville,
AL
(2020)

Business Development, Manufacturing, Rural

CDE(s): PNC, United Bank of Alabama

Purchase and installation of new equipment for the expansion of a manufacturing operation in rural Albertville, AL.